capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2011
can i set off the short term capital loss against the short term profit of sale of Gold and sale of land ????????????????
11 February 2011
Unless your short term capital loss is on account of a 'speculative transaction'(as defined u/s 43(5) of the Income Tax Act, 1961) , yes you may.
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